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Archive | April 2017

Investment banking is the most financially lucrative position for any university graduate. There are many people vying for the few openings each year in this industry. Graduates who are able to land one of the prime positions have mastered their investment banking interview. Successful candidates are the ones who prepare for their interview and anticipate the questions they might be asked and how to best answer them.

Questions that you will be asked will be either fit questions or technical questions. Technical questions are either right or wrong just like two plus two will always equal four. Investment banking companies ask technical questions to see how well you know the formulas and whether or not you are paying attention in class.

The fit questions are what separates the potential hires form those that are rejected. Companies ask fit questions to make sure you will be a good addition to their company. Fit questions are sometimes referred to as “the airport test.” This tells whether or not an investment banker would feel comfortable spending several hours in the departure lounge of an airport with you.

The fit questions give you an opportunity to be charming and personable and appeal to the interviewer so they will select you for an open position. How you answer a fit question is the ultimate key as to whether or not you will be hired by the company.

The answer to a fit question will show your motivation and desire to work in the investment banking industry which is well known for its 80+ hour work weeks. Companies want to hire employees who show they are willing to do whatever it takes to succeed in this highly competitive industry.

Fit questions give you an opportunity to accentuate your strengths and experiences that will be valuable to the company. Everyone has had many experiences in their lives and answering these questions is the chance to show how your life experiences would benefit the company.

The purpose of fit questions is to put you on the spot and see how well you can think on your feet. It also prevents you from being able to spout out memorized responses to potential questions. Some of the questions that you will be asked assumes that there is no possible way for you to know the answer. What the company is evaluating is how well you can think of a way to solve the question without already knowing the answer. In most cases the interviewer will not know the answer to the question either.

Now that you understand the fit questions will be the major decision factor during your interview, you should focus the majority of your preparation on these forms of questions.

Financial institutions are exploring avenues to find ideal ways and means to render good services to customers, and to earn their confidence in the bargain. In their effort to offer good services, banks have started offering mobile banking services that work to the advantage of the customers. With the aid of banking software companies, financial institutions are rolling out mobile solutions to cater to the demands of customers. Though mobile solutions have attracted the attention of customers, there are queries about mobile banking services that taunt and haunt customers. What are the queries that deserve proper answers?

Why apply for this facility?

In the first place, a customer wants to know as to why he should apply for this facility. Mobile banking has made things easy for banks and customers, and with this banking facility, a customer can carry out banking transactions from any part of the world, and at any time that suits the convenience of the customer. By applying for this facility, a customer can make good use of the anytime anywhere banking mode, and save his valuable time in the process.

What are the requests to be made?

Another query that demands a suitable answer is the query about requests that can be made by a customer, with respect to the mobile services rendered by a financial institution. A customer can make use of this mobile banking facility to check his account balance, to glean details regarding the check status, and about details of the transactions among other types of services.

What is the specialty?

Financial institutions seek the services of to introduce mobile solutions that work to the advantage of customers. These solutions are so special, where the solutions offer a wealth of benefits in the process. With the help of mobile phones, customers can gain access to their account, and conduct several transactions without having to invest more time and energy to accomplish such tasks. Whether it is the need to glean details on recent transactions, or the need to access card statements, this facility makes it easy and comfortable for a customer to gather the needed details.

Though mobile banking services have gained popularity amid customers, queries concerning this facility taunt and haunt some of the customers who look for suitable answers to these queries.

This is an introduction to offshore banking and incorporation a world that you may or may not be familiar with. There are many countries that are considered to be tax havens of one sort or the other. Each jurisdiction has its own reasons in extending a warm welcome to non residents. The aim of this article is to introduce to offshore banking and give you an idea of the benefits of going offshore.

Offshore banking makes many people think of money laundering and many other illegal activities. However, most illegal activity happens onshore. Newspaper headlines are the main reason for these misconceptions. Legal activities are not headlines, so few reporters write about the above-board side of offshore finance.

Proof that using offshore banking and companies are not illegal is the large number of known international trading and finance companies that have an offshore presence. Some countries tax you on a global revenue basis. If you are a resident or a citizen of such a country it would be crime for you not to declare your offshore holdings. Declaration does not mean taxation. Consult with your tax lawyer to find out the latest legislation on this.

Is there really a secret to successful offshore banking? Yes, there is and it is very simple. -Knowledge- is the secret key.

To set up your offshore infrastructure, it is necessary to start by exploring the low tax and asset protection opportunities that are offered in various countries. These can range from low tax to 0 taxes, tax treaties, special corporate structures, free zones etc-. Studying the aforementioned will allow you to put together a complete offshore solution.

There is no one size fits all packaged solution. Every business is unique. Everyone who wants to establish an offshore banking presence must take into consideration the countries that he will be doing business with to obtain the maximum benefit of going offshore.

What are the most common benefits to going offshore?

– Tough bank secrecy and privacy laws

– Fewer restrictions on financial transactions

– Low taxation or 0 taxation

– Asset protection

Even the United States and Canada can be tax havens. Though this is only promoted usually for non-citizens and non residents.

As you can see from the above, you have multiple reasons for wanting to explore all the possibilities that an offshore incorporation linked to an offshore bank account will give you. No matter which aspects of the offshore world you choose to use you will find the find that there are many benefits.

For more information about please visit where you will quickly and easily find valuable and banking resources to get started immediately.

Once you have tried having a virtual assistant or working with a virtual assistant company, you will wonder where that idea has been all of your life! A virtual assistant allows you to accomplish more in a given day and also serves to enable you to focus on your company. By being able to focus on the core parts of your business, you will quickly see your business and your bottom-line grow.

When you begin considering a virtual assistant or virtual assistant company, you will no doubt soon realize that there are many overseas options. While many of these virtual assistant company options are fine, working with a US-based virtual assistant company has, in general, far more to offer you. Lets take a moment to consider the ample benefits of working with an US-based virtual assistant.

Opting for an US-based virtual assistant company means that you will have no language barrier. You can likely find a virtual assistant outside of the United States, but as the old saying goes, you do usually get what you pay for. This is definitely the case with virtual assistants.

Working with a US-based virtual assistant means that you wont lose time due to language barriers and the considerable confusion that can come with them. Unless you have experienced the problems that can come along with language barrier issues firsthand, it is difficult to appreciate just how much time and thus money can be lost. This problem simply doesnt exist with a US-based virtual assistant company.

In addition to the language problem, most Americans who opt for a virtual assistant outside of the US find that they have to engage in a good deal of hand holding. If you are the kind of person that finds this annoying and irritating, then an overseas-based virtual assistant is definitely not for you! Additionally, having to engage in constant handholding undermines the purpose of having a virtual assistant in the first place.

In the end, all the micromanaging, handholding and language barrier issues will likely leave you feeling as though you are potentially spending more time than you are saving with an overseas virtual assistant. The fact is that these problems simple dont exist when you opt for an US-based virtual assistant. While you may initially feel that you are saving money with an overseas virtual assistant, at the end of the day, you very well may feel differently. Odds are that with the time you are forced to invest, you could have just opted for a US-based virtual assistant company and saved yourself a good deal of hassle as well!

Many people every year attempt to achieve success with an online business. They grab a domain name, throw a hastily made website online, and then become frustrated when they don’t achieve success quickly enough. They blame it on falling for a scam, or that online businesses don’t really work. The truth is, most times it is because the person never worked on growing as an entrepreneur; they never worked on developing an entrepreneur mindset.

When you are working for someone else it is easy to think of your workday falling into a certain set of work hours. You go in, put in your time, and when the workday is done you put your job behind you until the next day. When you have an entrepreneur mindset you are constantly working on your business. Even when you are relaxing at the end of the day a part of your mind is a work on building your business.

One way you can capitalize on that kind of attitude is to develop the habit of goal setting. When you have specific goals and objectives that are clearly defined your subconscious mind can go to work making those goals a reality. When you approach your business without goals your subconscious mind is unfocused. It jumps from one problem to the next with no end result that it is working toward.

Another important part of that mindset is to understand that in order to succeed you must be willing to put in the time and do whatever it takes to be successful. While it would be nice if the claims of earning a 6-figure income while working part-time were true, the reality is much different. It is possible to build a good income, and eventually reduce the number of hours that you work, most successful entrepreneurs put in some long hours when they are first getting their business up and running.

You should also be willing to spend time each and every day growing as an entrepreneur. This means going beyond merely learning the daily tasks you need to accomplish. It means working on building your knowledge so that you understand not just what needs to be done, but also why you need to do every task that you do. The more you understand how everything works the better able you will be to innovate and move your business to a higher level. In an environment that is constantly changing, it is the people who understand the business that are able to quickly adapt to those changes.

Having an entrepreneur mindset helps give you the drive and the focus to not only succeed, but to build a business that remains successful into the future. Without that mindset you might achieve short-term success, but is your attitude and willingness to do whatever it takes that will ensure your success going forward. Growing As An Entrepreneur

Risks are part of life no matter whether it is concerning health, property, vehicles, business, and the list goes endless. Thanks to the concept of insurance that provides cover to risks on the said aspects. Insurance India covers the aforementioned risks, acting as a protective financial shield. The corporate sector today relies on corporate insurance to stay safe against business risks. Unpredictable occurrences may turn the entrepreneur a victim of financial crunch or even bankruptcy. With corporate insurance, businessmen can run their business affairs at ease.

The scope of corporate insurance covers employees, safeguarding them against personal accidents, sickness, etc.; business assets such as factories, trading/service properties, etc. In case of any accidents, the costs are borne by the insurer. Certain details need to be furnished while buying such an insurance; these are number of employees (with names, dependents), manufacturing unit specifications, trading unit details, and the like.

Investments involved in buying corporate insurance cannot be compared to other general insurance policies related to health, property, liability, student, vehicle, travel, etc. It is a huge investment and hence before buying this corporate insurance in India, do make a list of all the major insurance providers. Once you have made a list, you can go through the details of benefits covered in each policy offered by each company. Again, this can be a tedious, hectic, and time-consuming task. The best option is to visit an online insurance service provider that enlists all major insurance companies. Even visiting individual corporate sites of each of your listed companies may take your time. Many a corporate entity has relied on EIndiaInsurance.com to buy corporate insurance. It has in its list all general insurance companies in India like Tata AIG, Reliance, Bajaj Allianz, to name a few. The greatest advantage of visiting this platform is that using its insurance comparison tool, you can compare policies in no time. Getting quotes takes only a few seconds. The payment options range from paying by cheque to credit card, and debit card. If you are an entrepreneur and have not yet bought any corporate insurance, buy one and stay protected!

Any task outside of the banks core business would be best outsourced. That means non-mission critical operations like customer service or email management should be delegated to a third party vendor. Banking outsourcing allows the financial institution to focus on its core competencies and upstream operations. What hinders them from trying out outsourcing however is due to the perceived risks.

Perceived risks

Risk to overall strategy choosing the wrong vendor will supposedly impact on the companys financials which might arise from the wrong decisions. But this can be averted by migrating only non-mission critical operations to the third party organization like payment processing outsourcing or customer relations.
Risk to reputation poor service from the provider could backfire and negatively affect the banks reputation. While this is a very real threat, this can easily be rectified by insisting on regular customer feedbacks to evaluate the service.
Legal risks the bank will end up assuming all the legal and regulatory penalties if the service provider has less than stellar standards. Its important that the bank should implement oversight functions apart from conducting thorough background check on the provider to mitigate the risks.
Technological risks if the vendor uses substandard technology, it could impact on the type of service it provides. Again, track record and background check would lessen the dangers.

Steps to mitigate risks

There are ways to lessen the risks involved with banking outsourcing. The main takeaway should be to create an extensive guideline that will serve as a beacon in monitoring and oversight of the service provider. The policy should also include a study of the banks operations to determine which need to be outsourced and which should remain internal.

Again, a background check is necessary in this case. It would also be prudent for the bank to also check offshore companies which offer better value for investment while maintaining quality service. It seems obvious but some outsourcing agreements are not governed by a comprehensive contract that outlines the responsibility of each party. So insist on one.

Lastly, the company should adopt a risk management strategy that will anticipate possible problems and craft plans to immediately address these issues to avoid downtimes. Third, regular evaluation of the payment processing outsourcing activities will allow the bank and the service provider to adjust accordingly with the end view of providing excellent customer service.

Build on relationships

When you do find that ideal service provider for banking outsourcing, its important to build on the relationship for a long-term collaboration. The only way for the relationship to prosper is if the agreement is a win-win solution for both parties.

Streamwood, IL, October, 2012 – ComForcare of Northwest Suburbs in Streamwood IL, is proud to announce they are a member of the National Private Duty Association (NPDA). The NPDA partners with private home care agencies, and companies that offer home care aides, companion care, homemaking assistance, and other supplemental elderly care services to offer trusted and reliable caregiver information.

-The NPDA was founded on the principles of providing high quality private duty home care, and we are pleased to support that cause,- says ComForcare owner, Bryan Ernst. -At ComForcare, our practices reflect their model to employ, train, and supervise caregivers and to create a unique care plan for each of our clients in order to offer a safe, healthy, and independent lifestyle for them in the comfort of their own home.-

As a member of NPDA, ComForcare commits to employ trained caregivers and assume all responsibility for the payroll and related tax information to protect the client and provide the highest level of care. NPDA members also stand together to with the opinion that people should be able to age safely in place at home to the extent possible according to their desires and permitted by their resources. They also champion measures at both federal and state levels to promote home care quality and affordability.

To accomplish these goals, ComForcare offers affordable part-time and full-time home care services for clients on an individual basis to meet their specific needs. As an industry leader, ComForcare has been recognized for its exceptional client-centered transition of care program and relationship-based home care services. ComForcare uses a rigorous 10-step hiring process to ensure all caregivers meet the highest professional, education, and experience requirements in order to provide trusted, reliable, and compassionate care.

About ComForcare Home Care ComForcare began in Bloomfield Hills, Michigan, in 1996 as a company dedicated to establishing a new standard in the quality of non-medical home care. After perfecting the winning formula, ComForcare began franchising. They are one of the fastest growing franchises in the country with more than 135 franchise owners who operate 150 territories throughout the United States and in Canada and the U.K. Each independently owned and operated ComForcare office offers elderly care services including personal care, homemaking, transportation, companionship and family respite services to improve the quality of life and level of independence for every individual and family receiving our services.

The first Subway franchise was born in 1974 even though founder Fred DeLuca opened his first store 9 years earlier. Today there are currently over 29,000 Subway franchises spanning the globe in over 85 countries. Entrepreneur magazine has ranked Subway the number one franchise 13 out of the last 17 years, so its a rock-solid franchise.

Even with its amazing popularity and tremendous track record, the real question is deciding whether or not owning a Subway franchise is the right choice for you and your family. There’s a ton of things you should consider when making this big of a choice, so let’s identify what the positives and negatives are.

First of all, the total cost of entry and the total investment to get started ranges anywhere from $101,000 to $285,000. The reason for the big discrepancy depends on whether you’re buying an existing franchise or you’re having to build one or start one from the ground up. Other costs may include remodeling, leasing equipment, inventory, etc. Typically, the down payment that’s required must come from your personal liquid assets and can NOT be borrowed or come from a loan. That fact right there might eliminate some potential franchise owners.

Every Subway franchise pays a royalty fee to the company, specifically 8% of their overall gross sales. This is very important to understand because losing 8% right off the top before you pay for any rent, equipment, inventory, marketing, employees, etc can make a difference in whether or not you’re profitable. On the other hand, in exchange for the royalties the franchisee’s are rewarded with a strong brand recognition and national advertising campaigns.

As far as sales are concerned, 2800 sandwiches and salads are sold every 60 seconds. This provides a pretty constant flow of customers and expected sales. Potential franchise owners feel comfortable with this knowing that their stores most likely will not be empty. Besides, people have to eat somewhere, right?

On the flip side, you are at the mercy of your store location when owning a Subway franchise. No matter if you are open 24 hours, a location can only serve so many customers and can only make so much money. Obviously the product can not be sold online or in other areas, so actually getting traffic to the store is the only way to make sales. In this regard, the Subway franchise is NOT scalable. An entrepreneur would probably have to own multiple locations to really generate the kind of income they would be looking for in owning a franchise.

Furthermore, to buy a franchise, you must have good credit, have considerable net worth and you have to be approved by the company. Once again, this could potentially eliminate more prospective franchise buyers. In the end, owning a Subway franchise is a solid way to have a great chance of success but keep in mind that to really make it big, you’ll probably have to own about 10 or more.

The E-Loan Online Banking is one of the safest and securest of all the online banks for investing your money with. At E-Loan they use a SSL server that will confirm your connection each time you log in. This connection is encrypts all of the data and information so no outside party can view its contents. This is done with a 128 bit encryption.

This is what you would expect from an online bank that has made it mark in the financial community as providing a safe and convenient way for people and business to conduct their financial matters online.

This financial institution obtained it reputation by offering great interest rates on mortgages and car loans. Today they have expanded their financial services to also include savings and certificates of deposit accounts.

The current bank rates include a tiered format for their online savings accounts. The minimum deposits are $5,000, $10,000, $25,000, $50,000 and $100,000. The APYs are 0.15%, 0.45%, 0.50%, 0.55% and 0.65% respectively. For all balances below $5,000, the account will earn an APY of 0.05%.

The CD rates include 1 month CD that is earning an APY of 0.15%. The 2 month CD is earning an APY of 0.20%. The 3 month CD is earning an APY of 0.25%. The 6 month CD is earning an APY of 0.30%. The 9 month CD is earning an APY of 1.05%.

The 1 year CD is earning an APY of 1.26%. The 18 month CD is earning an APY of 0.75%. The 2 year CD is earning an APY of 1.00%. The 3 year CD is earning an APY of 1.15%. The 4 year CD is earning an APY of 1.35%. The 5 year CD is earning an APY of 1.90%. The 6 year CD that is earning an APY of 2.00%.

This is what E-Loan Online Banking has to offer. All rates are current as of June 2, 2011 but are subject to change without notice.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.